Secured loans rose slightly in October, with the latest Bank of England figures showing that they reached £14.8 billion.
This represented an increase of £0.5 billion compared to the previous month, which itself had seen a £1.5 billion rise.
Overall lending rose slightly but by a lesser extent than in September, while credit card lending was also shown to have increased at a faster rate - up £0.4 billion.
But secured loans for the purpose of buying a home saw a drop, as first-time buyers continue to struggle in the current market.
Simon Rubinsohn, chief economist at the Royal Institution of Chartered Surveyors, noted that interest rate cuts have not yet encouraged a rise in market activity.
"The Bank of England will need to cut rates further this week for any chance of getting the mortgage market moving," he said, adding that high street spending has dropped as a result of the lack of finance available.
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